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350 South Broadway

Lawrence, MA 01843
  • $1,200,000
  • STATUS: Active
  • MLS #: 73201130
$1,200,000
  • 8
    BEDS
  • N/A
    ACRES
  • 5
    BATHS
  • 2
    1/2 BATHS
  • 4,052
    SQFT
  • $296
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1880
County:

School Information

Elementary School:
Middle School:
High School:
Listing courtesy of Charles Mcmahon of Berkshire Hathaway HomeServices Verani Realty.

Description

Welcome to this unique investment opportunity - a 5-unit multi-family home currently utilized as a 4-unit gem! Situated in a convenient location, this property is a canvas awaiting your transformative touch!! The exterior needs some TLC offering an ideal project for the savvy investor. Inside discover the updated heating systems ensuring comfort and efficiency. The units boast a mix of modernization, with a spacious 3 bedroom, two inviting 2 bedroom apartments, and a cozy 1 bedroom retreat. Each unit offers a comfortable living space embracing a balance of functionality and charm. The outside offers ample parking - a luxury - plus a foundation for another building with garage space below plus a storage shed.This property stands as a promising investment opportunity, combining the appeal of a multi-family home with the potential for value appreciation!! *****24 Hour Notice to show required****

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-04-23T15:06:35.737.
www.welchmanrealestate.com/homes/147448644
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350 South Broadway Lawrence, MA 01843

  • Price: $1,200,000
  • Status: Active
  • On Site: Days
  • MLS #: 73201130
8
Beds
5
Baths
2
½ Baths
N/A
Acres
4,052
SQFT
$296
$/SQFT
1880
Built
Neighborhood:
South Lawrence
County:
Essex
Area:
South Lawrence
Elementary School:
Lawrence
Middle School:
Lawrence
High School:
Lawrence
Property Description
Welcome to this unique investment opportunity - a 5-unit multi-family home currently utilized as a 4-unit gem! Situated in a convenient location, this property is a canvas awaiting your transformative touch!! The exterior needs some TLC offering an ideal project for the savvy investor. Inside discover the updated heating systems ensuring comfort and efficiency. The units boast a mix of modernization, with a spacious 3 bedroom, two inviting 2 bedroom apartments, and a cozy 1 bedroom retreat. Each unit offers a comfortable living space embracing a balance of functionality and charm. The outside offers ample parking - a luxury - plus a foundation for another building with garage space below plus a storage shed.This property stands as a promising investment opportunity, combining the appeal of a multi-family home with the potential for value appreciation!! *****24 Hour Notice to show required****
Exterior Features

Color Cream Construction Materials Frame Covered Spaces 0 Garage YN No Open Parking YN Yes Other Structures Shed(s) Parking Features Paved DriveOff Street Parking Total 2 Patio And Porch Features Porch Road Frontage Type Public Roof Shingle Spa YN No Waterfront YN No

Interior Features

Appliances RangeDishwasherRefrigeratorWasherDryer Basement FullPartially Finished Building Area Total 4052 Fireplace Features Wood Burning Fireplace YN Yes Fireplaces Total 1 Flooring WoodTileVariesHardwoodCarpet Foundation Details Stone Heat Units 4 Heating Natural Gas Heating YN Yes Interior Features Cathedral/Vaulted CeilingsBathroom With TubInternet Available - UnknownKitchenFamily RoomLaundry RoomLiving RM/Dining RM ComboDining RoomLiving Room Lead Paint Certified Treated Rooms Total 22

Property Features

Buyer Agency Compensation 2.0 Community Features Public TransportationShoppingParkHighway Access Electric Expense 220 Gross Income 40800 Gross Scheduled Income 0 Home Warranty YN No Insurance Expense 6766 Net Operating Income 26047 Operating Expense 14753 Property Sub Type 4 Family - 4 Units Up/Down Senior Community YN No Sewer Public Sewer Tax Annual Amount 4900 Tax Year 2023 Total Actual Rent 0 Transaction Broker Compensation 2.0 Utilities for Electric Range Water Sewer Expense 1847 Water Source Public Year Built Details ActualRenovated Since Year Round Yes Zoning MDL-03

Listing information © 2024 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Charles Mcmahon of Berkshire Hathaway HomeServices Verani Realty: 603-893-7999.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-04-23T15:06:35.737.
 
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Listing courtesy of Charles Mcmahon of Berkshire Hathaway HomeServices Verani Realty.